On October 18, 2018, Mastercard released an announcement heralding the end of signatures on the back of payment cards across the globe. As from this day, it will be the cardholders' choice if they...
On October 18, 2019 the Australian government launched a consultation on exposure draft regulations to support the Competition and Consumer Amendment (Gift Cards) Bill 2018 and an explanatory...
Fraudulent non-cash payments surged by more than $2.2bn in the U.S. between 2012 and 2015, according to a new study from the Federal Reserve, amid warnings that prepaid products are becoming...
Industry groups and legal experts have sought to revive the UK government’s plans for an enhanced equivalence regime for financial services after Brexit, adding that it is vital payment services...
UK payments firms preparing for Brexit by setting up new subsidiaries elsewhere must not underestimate the complexity of the task at hand, legal experts have warned.
European parliamentarian Ashley Fox has accused legislators of drafting rules on strong authentication that — less than a year ahead of their introduction — are already lagging behind the payments...
The U.S. gaming industry is interested in payment methods that make it easier to play slot machines or table games, but regulators have cited fears of problem gambling, security and cost...
The UK’s Payment Systems Regulator (PSR) will join forces with the Financial Conduct Authority and the Bank of England to meet with ATM network operator LINK and the country's largest banks to...
On February 27, 2018, the government published a consultation report regarding the amendment of the Financial Market Authority Act for implementation of Regulation (EU) 2015/751 of the European...
On October 8, 2018, Chile’s financial intelligence unit (Unidad de Análisis Financiero - UAF) published a media release about the entry into force of Circular no. 57, which is applicable to all...
The Bank of Thailand has been working to develop a legal foundation for payment systems in recent years. In April 2018, the Payment System Act entered into force, with the aim of unifying existing...
European Banking Authority (EBA) chief Andrea Enria has admitted the regulator is unlikely to endorse caps on currency conversion fees as part of proposed changes to cross-border payments rules.
The EU’s top court has dealt a blow to fintechs by ruling that certain types of savings accounts are not considered “payment accounts” and so are not captured by third-party access rules.
On October 4, 2018, a bill amending and adding provisions in various sections of the “Special Act on the Prevention of Loss Caused by Telecommunications-Based Financial Fraud and Refund”, which...
An official from the European Central Bank (ECB) has urged Europe to accelerate its progress towards a pan-continental instant payments programme, but experts have urged caution amid fears...
On October 3, 2018, the Chilean Chamber of Deputies approved amendments to Law no. 3/1997 (the “General Banking Act”) and Law no. 21.000/2017, which creates and regulates the Financial Market...

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